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Property profile & analytics
OFF-MARKET
Estimated value
$1,025,000
Apartment buildings
2014 Meridian Ave South Pasadena, CA 91030-4247
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6435792
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1923
Construction
WOOD
Total area
5,825 SF
Lot
0.37 ac (15,933 SF)
Zoning code
SPR310000*
APN
5319-037-011
UPID
US09-6435792
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.03M
Owner & transaction history
2014 Meridian Ave LLC · 4 yrs held
2014 Meridian Ave LLC
since 2021
7 recorded transactions
Zoning & alternative use
SPR310000* · South Pasadena, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs South Pasadena submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Pasadena submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$176 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$20,641
Tax year 2024
Assessed value
$1,501,311
Assessed 2024
Previous assessed
$1,501,311
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$591,588
Assessed improvement
$909,723
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1923
Construction
WOOD
Heating
NONE
Cooling
YES
Buildings
2
Units
9
Bathrooms
3
Total area
5,825 SF
Lot
0.37 ac (15,933 SF)
Zoning code
SPR310000*
APN
5319-037-011
UPID
US09-6435792
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
SPR310000* · South Pasadena, CA
Zoning SPR310000* · permitted uses
SPR310000* · South Pasadena, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Pasadena. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1923
Construction
WOOD
Heating
NONE
Cooling
Yes
Buildings
2
Units
9
Bathrooms
3
Lot
0.37 ac
Current owner
From public records · entity-resolved
2014 Meridian Ave LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4709 ROCKLAND PL, LA CANADA, CA 91011-1431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
—
Meridian Ave LLC
—
Deed
related
$200,000 · Wells Fargo Bank NA
Jul 22, 2021
—
2014 Meridian Ave LLC
Andrew S Wilson
Intrafamily Transfer
related
—
Jun 30, 2021
—
2014 Meridian Ave LLC
John J Orlandini
Quit Claim Deed
related
—
Jun 2, 2021
—
A To 2014 Meridian Ave LLC
David A Mayes
Quit Claim Deed
related
—
Jan 21, 2010
—
Joseph Orlandini
Orlandini,joseph
Quit Claim Deed
related
—
May 16, 2008
—
Orlandini John J & R M Trust
Orlandini,john J & Rose M
Quit Claim Deed
related
—
May 9, 2008
—
Orlandini Jerome P & M Trust
Orlandini,jerome P & Michelle
Quit Claim Deed
related
—
Apr 8, 2008
—
Orlandini J V & P A Fam Trust
Orlandini,james
Quit Claim Deed
related
—
Mar 18, 2008
—
Mayes David A & Janet O Trust
Mayes,david A
Quit Claim Deed
related
—
Mar 12, 2008
—
Wilson Andrew S & J V Trust
Wilson,andrew S & Joanne V
Quit Claim Deed
related
—
Aug 5, 2005
—
Orlandini J P & P R Trust
Orlandini,jeffrey P & Paula R
Quit Claim Deed
related
—
Oct 20, 1993
—
Orlandini Vincent Co Tr Et Al
—
Deed Of Trust
related
—
May 25, 1993
—
Janet Mayes
Orlandini Trust
Grant Deed
related
—
—
—
Vincen Orlandini
—
Deed Of Trust
related
$328,800 · Individual
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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